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Advanced Manufacturing ADVANCED MANUFACTURING INDUSTRY SNAPSHOT PERFECTLY POSITIONED Advanced manufacturing is a major driver of the Iowa economy, and the critical mass of expertise is well worth investigating for companies seeking a competitive advantage. Advanced manufacturing is Iowa’s largest industry contributing $30 billion annually to the state’s economy. That’s right, America’s largest producer of corn, pigs and eggs reaps twice as much from manufacturing than farming. • Manufacturing represents 17.4% of Iowa’s GDP (Bureau of Economic Analysis, 2018) • Iowa ranks seventh in the U.S. for percentage of GDP derived from manufacturing (Bureau of Economic Analysis, 2018) Iowa is ideally suited to export products all over the globe • In 2018, Iowa exported $18 billion worth of with air, water, rail and highway systems designed for manufactured and value-added goods (WiserTrade, commerce. Iowa’s central geographic location in North 2018) America makes it easier to move products around the world. Today, more than 6,000 manufacturers employ nearly 223,000 Iowans, representing 14% of Iowa’s Two major coast-to-coast, north to south interstate total workforce. In Iowa, some of the world’s leading arteries (Interstate 35 and Interstate 80) pass through companies currently engage in manufacturing: Iowa and are principal roads in America’s transportation • aerospace and • food products grid. Barge freight is accommodated via the Mississippi and Missouri rivers. defense products • industrial chemicals • aluminum • medical devices A HIGHLY SKILLED WORKFORCE • appliances • plastics To help manufacturing companies maximize Iowa’s skilled • electronic devices recreational vehicles • talent pool, state-of-the-art training programs have been fabricated metals • • steel established by the state’s robust community college • farm and construction • wood products system. Community colleges in the regions where new machinery or existing jobs are located administer these programs, offering a one-stop-shop training approach. COMPANIES AT WORK IN IOWA IOWA’S ADVANCED Information Technology Center in Cedar Falls and MANUFACTURING NETWORK the additive manufacturing center. The additive manufacturing center features North America’s Manufacturers in Iowa have the support of colleges and largest 3D printer and is located at Cedar Valley universities in providing valuable technology transfer; TechWorks in Waterloo. skilled, knowledgeable workers; and information and assistance on achieving optimum productivity through THE BUSINESS CLIMATE IS RIGHT improved processes. Some centers of excellence include: • Iowa is a right-to-work state • The Center for Industrial Research and Service • Iowa has the second-lowest cost of doing business (CIRAS) at Iowa State University works to enhance (Business Facilities, 2017) the performance of the manufacturing industry • One of only a few states in the nation to consistently in Iowa. CIRAS provides educational seminars offer a refundable research and development and individualized technical assistance to Iowa’s activities tax credit thousands of manufacturers in the areas of • No corporate income tax on profits from sales made engineering, management practices, productivity, outside of Iowa energy, procurement, biorenewables and quality • No personal property (inventory) tax management. Staff provide access to a variety of • No sales or use tax on manufacturing machinery, College of Engineering laboratories to broaden the equipment or computers product and process design capabilities of Iowa • No sales tax on electricity or natural gas used in the industry. manufacturing process • Protostudios is a medical prototyping facility within • No sales tax on materials used in the manufacturing the University of Iowa’s Department of Innovation process and Economic Development. Protostudios employs • Competitively priced buildings and sites experienced engineers that recruit, train and manage • Flexible job training programs provide customized a team of university and community college students training for new and current employees seeking hands-on training in design and advanced • Direct financial assistance and tax benefit programs manufacturing. Protostudios is equipped with 3D for job creation and new capital investment projects design software and the specialized equipment needed to produce small, high resolution devices, CONTACT US associated software and integrated electronics. Project managers at the Iowa Economic Development Protostudios assists entrepreneurs, inventors, Authority (IEDA) are experienced in working with companies and University of Iowa faculty and staff in companies making confidential site location reviews in creating demonstrable proof-of-concept devices with the state of Iowa. IEDA can provide all the information an emphasis on anatomical analogs, biomechanical needed to make a decision, schedule tours of possible devices, surgical tools, embedded and loT locations, accompany company representatives, serve electronics. All intellectual property remains with the as a liaison with appropriate state agencies and local assisted parties. development groups, and identify financial and technical • The University of Northern Iowa (UNI) Metal Casting assistance to serve a company’s needs. IEDA’s goal is Center is a nationally recognized leader in foundry to streamline every aspect of site location so companies research, applied technology and technical business can begin operation in Iowa as quickly as possible. assistance. The Center is comprised of two facilities - the materials research and foundry site at the JG 02242020.
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